Industry 4.0: The Impacts of Technological Innovation on Energy Efficiency

Abstract

For the purpose of enhancing the environmental friendliness and energy efficiency of industrial operations, Industry 4.0, often referred to as the Fourth Industrial Revolution, makes use of robotics, automation, big data analytics, the internet of things, artificial intelligence, and automation. In this study, we analyze the ways in which these technologies contribute to the achievement of sustainability goals, the reduction of costs, and the saving of energy. Digital twins, automation, real-time monitoring, and predictive maintenance are some of the topics that we examine in order to highlight the principal benefits and obstacles. Our inquiry includes the collection of metrics about the consumption of energy and the generation of carbon dioxide at various stages of industrial production as well as inefficiencies. Even with robust statistical models, there are some technologies that do not impose any direct impact on energy efficiency. This highlights the need of doing more research in order to address concerns about data security and optimize the integration of technology.